Written by ForexBrokers.com
In this head to head comparison of DooPrime vs BDSwiss, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 2014, DooPrime is an online broker that is not publicly traded and does not operate as a bank. It holds an impressive four Tier-1 licenses, reflecting a strong regulatory standing and earning it a Trust Score of 83 from ForexBrokers.com. This score indicates that DooPrime is considered a trusted option according to ForexBrokers.com's rating system.
In comparison, BDSwiss, established in 2012, is also not publicly traded and does not function as a bank. Despite being in the business longer, BDSwiss holds only one Tier-1 license and lacks any Tier-2 licenses. It has a Trust Score of 73, placing it in the average risk category by ForexBrokers.com standards. Both brokers offer reliability, but DooPrime stands out with its higher Trust Score and more extensive regulatory licenses.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| Year Founded | 2014 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
When evaluating the commissions and fees of online brokers, DooPrime and BDSwiss present distinct features. DooPrime, rated 3 out of 5 stars for commissions and fees, ranks #58 out of 62 brokers according to ForexBrokers.com. Unfortunately, specific average spread data for DooPrime is unavailable, which might leave potential clients seeking more transparency in evaluating trading costs.
On the other hand, BDSwiss earns a 4-star rating in the same category and holds the #30 position among 62 brokers. BDSwiss is noted for its satisfactory order execution statistics, although its spread offerings for some accounts are relatively high compared to industry leaders. The Classic account comes with a spread of 1.5 pips on EUR/USD, considered expensive. However, the Raw account offers a more competitive package with a spread of 0.3 pips plus a $5 commission per side, resulting in an effective spread of 1.3. The VIP account is marginally better with an effective spread of 1.2 pips.
In summary, BDSwiss stands out for its more competitive commission structure despite the spread being higher on certain accounts, while DooPrime's lack of available average spread data might pose a challenge for traders seeking transparent fee insights. These distinctions reflect in their respective ratings and rankings, offering potential clients a clearer comparison point when choosing a broker based on trading costs.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| Minimum Deposit | $100 | $10-$5000 |
| Average Spread EUR/USD - Standard | N/A | 1.6 |
| All-in Cost EUR/USD - Active | N/A | 1.3 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investments available, DooPrime and BDSwiss both offer forex trading as CFDs or spot contracts, but the scope of their offerings differs significantly. DooPrime stands out with a whopping 10,000 tradeable symbols, including 60 forex pairs. They allow trading not just in the domestic market but also on international exchanges, meaning clients can buy actual shares such as Apple on the NASDAQ or Vodafone on the London Stock Exchange. BDSwiss trails behind with 1,081 tradeable symbols and 53 forex pairs, and doesn’t offer exchange-traded securities on U.S. or international exchanges.
Though both platforms provide copy trading, their approach to cryptocurrency differs. Neither allows clients to purchase actual cryptos directly, but BDSwiss offers cryptocurrency derivatives for those interested in this digital asset class. Based on the range of investments, DooPrime earns a 5-star rating and is ranked 12th in this category by ForexBrokers.com, whereas BDSwiss, with its narrower range, garners 4 stars and is positioned 34th. This makes DooPrime a more versatile choice for those seeking broader investment options.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1081 |
| Forex Pairs (Total) | 60 | 53 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When it comes to trading platforms and tools, DooPrime and BDSwiss both offer a wide variety of features to cater to traders of all experience levels. Both brokers provide free virtual demo accounts, which are essential for beginners to practice without financial risk. They also boast their own proprietary trading platforms, which are available for Windows-based desktop downloads and web-based access, ensuring traders have flexible ways to engage with the market. In addition, the availability of popular platforms like MetaTrader 4 and MetaTrader 5 enhances their appeal, offering comprehensive tools and customizable options for traders who prefer these industry-standard solutions. They both support copy trading, allowing users to replicate the trading strategies of more experienced traders, adding another layer of functionality to their services.
Charting tools are integral to a successful trading experience, and both DooPrime and BDSwiss provide a robust set of 15 drawing tools. Additionally, they allow clients to trade directly from their stock charts, ensuring seamless transitions between analysis and execution. For keeping track of multiple trades, each broker supports up to seven columns for watch lists. While both brokers share a strong toolset and earn equal ratings of four stars for their trading platforms and tools, BDSwiss holds a slightly better rank (#24) compared to DooPrime (#25) by ForexBrokers.com. Though similar in offerings, these rankings may sway some traders toward BDSwiss depending on individual needs and preferences.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
In the world of mobile trading apps, both DooPrime and BDSwiss deliver reliable options for traders using iPhone and Android devices. These apps come equipped with the essential tools necessary for traders, including stock and forex price alerts and the ability to create watchlists with real-time quotes. Despite their comprehensive offerings, both platforms fall short in terms of watchlist symbol syncing between the mobile app and the client’s online account. However, they both support an impressive array of 30 technical studies for charting and provide tools for drawing trendlines and viewing charts across various time frames. This makes both apps suitable for technical analysts and traders on the go.
When it comes to user experience, both DooPrime and BDSwiss have made their mark with a rating of 4 stars in the mobile trading apps category. Their mobile platforms automatically save chart drawings, adding a layer of convenience for active traders. Ranked by ForexBrokers.com, BDSwiss holds a slightly better position at #24 out of 62 brokers, compared to DooPrime's ranking at #25. Overall, both apps offer similar functionalities and are commendable choices for traders seeking a dependable mobile trading solution.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of DooPrime and BDSwiss, both provide daily market commentary to keep investors informed. However, when it comes to accessing forex news from top-tier sources like Bloomberg or Reuters, DooPrime holds an edge by including these in their offerings, whereas BDSwiss does not. In terms of technical research tools, both brokers offer resources from Trading Central. BDSwiss also enhances technical analysis with tools from Autochartist, which DooPrime lacks. Both platforms offer comprehensive economic calendars, allowing traders to track global news events effectively. However, neither provide sentiment-based trading tools or market research from TipRanks and Acuity Trading.
In terms of overall research ratings, both DooPrime and BDSwiss receive a commendable score of 4 out of 5 stars. While DooPrime ranks 29th among 62 brokers for research, BDSwiss holds a slightly higher position at 24th, according to ForexBrokers.com. This indicates that while both brokers offer similar research capabilities, BDSwiss may be perceived slightly better in terms of their overall market research offerings. Ultimately, the choice between the two may come down to specific trader preferences for news sources and additional research tools like Autochartist.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both DooPrime and BDSwiss provide beginners with a variety of educational resources focused on forex and CFDs. Each broker excels with over ten educational pieces that include articles and videos, allowing beginners to become more familiar with trading concepts. BDSwiss stands out by offering regular online educational webinars, ensuring that newcomers have access to monthly interactive learning opportunities. Additionally, BDSwiss provides a searchable archive of past webinars, giving users the chance to revisit important topics whenever they need.
While both brokers supply a strong selection of beginner and advanced trading videos, BDSwiss goes a step further by including an investor dictionary with definitions of over 50 investment terms, which can be invaluable to new traders. With both brokers receiving four-star ratings for their education offerings, BDSwiss ranks higher in the ForexBrokers.com standings at 19th place, compared to DooPrime at 25th place, showcasing a slightly better provision of educational support for beginners. Overall, both platforms are well-equipped to guide new investors, but BDSwiss offers more frequent and comprehensive educational opportunities.
| Feature |
DooPrime
|
BDSwiss
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that DooPrime is better than BDSwiss. DooPrime finished with an overall rank of #28, while BDSwiss finished with an overall rank of #36.
DooPrime is mainly regulated in the UK, as well as two offshore locations (Vanuatu and Mauritius), and offers 10,000 investment products, and multiple platforms including the full MetaTrader suite, and social copy trading platforms. That said, DooPrime trails behind the best brokers in key categories.
| Feature |
DooPrime
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BDSwiss
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 73 |
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Both DooPrime and BDSwiss do not provide the option to buy actual delivered cryptocurrency, but while DooPrime lacks cryptocurrency derivative offerings, BDSwiss enables trading through cryptocurrency derivatives.
When comparing online brokers DooPrime and BDSwiss, DooPrime lacks ACH or SEPA transfer options but supports PayPal, Skrill, Visa/Mastercard, and bank wires, while BDSwiss offers ACH, SEPA, Skrill, Visa/Mastercard, and bank wires, but does not support PayPal.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | DooPrime | BDSwiss | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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| Regulation | DooPrime | BDSwiss | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2014 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | BDSwiss | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | DooPrime | BDSwiss | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | BDSwiss | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1081 | |
| Forex Pairs (Total) | 60 | 53 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | DooPrime | BDSwiss | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.6 | |
| All-in Cost EUR/USD - Active | N/A | 1.3 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | DooPrime | BDSwiss | |
|---|---|---|---|
| Minimum Deposit | $100 | $10-$5000 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | DooPrime | BDSwiss | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | BDSwiss | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | BDSwiss | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | BDSwiss | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | BDSwiss | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | BDSwiss | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | BDSwiss Review |
| Overall | DooPrime | BDSwiss | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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